Shell, Technip to collaborate on improving CO2 capture technologies

The agreement enables both Technip and Shell Cansolv to offer a full chain of engineering, procurement and construction (EPC) services for post-combustion CO2 capture projects.

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Shell Cansolv and Technip plan to leverage their expertise
to market an end-to-end solution for carbon capture and sequestration
(CCS) projects, the companies announced on Monday.

The agreement enables both Technip and Shell Cansolv to offer a
full chain of engineering, procurement and construction (EPC) services for a
post-combustion CO2 capture project to the power generation
industry.

In the collaboration, Shell Cansolv says it
will capitalize from Technips experience in the
design, construction, and management of
large EPC projects and its commercial global
footprint. This new cooperation will also expand Shell
Cansolvs international reach by giving the company a
platform to offer its CO2 capture technology in increased scope as
well as to new markets.

We are delighted that Technip will be providing EPC
services," said Philippe Gauthier, president and general
manager of Shell Cansolv. "Our team of experts will
together ensure we deliver the high standards and satisfactory
returns our clients expect. By doing so, we will continue to
demonstrate that Shell Cansolv is a world leader in deploying
post-combustion CO2 capture on a significant commercial
scale.

Technip describes itself is a world leader in project management, engineering and
construction for the energy
industry.

Shell Cansolvs CO2 capture technology will play an important
role in helping us meet todays energy challenges,"
said Stan Knez, Technips senior vice president of
process technology. "With a strong track
record of deploying technologies and providing full EPC
solutions to our customers, Technip is pleased to join Shell
Cansolv with helping clients reduce emissions and meet environmental
regulations.